WR Wealth Planners LLC Grows Position in Rockwell Automation, Inc. (NYSE:ROK)

WR Wealth Planners LLC lifted its stake in Rockwell Automation, Inc. (NYSE:ROK) by 17.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,860 shares of the industrial products company’s stock after buying an additional 429 shares during the quarter. WR Wealth Planners LLC’s holdings in Rockwell Automation were worth $817,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in Rockwell Automation by 0.3% during the third quarter. State Street Corp now owns 4,648,137 shares of the industrial products company’s stock valued at $1,247,839,000 after purchasing an additional 11,949 shares in the last quarter. Geode Capital Management LLC raised its stake in Rockwell Automation by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,683,202 shares of the industrial products company’s stock valued at $717,865,000 after purchasing an additional 14,040 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Rockwell Automation by 33.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,556,292 shares of the industrial products company’s stock valued at $417,802,000 after purchasing an additional 390,784 shares in the last quarter. Accredited Investors Inc. raised its stake in Rockwell Automation by 162,058.5% during the third quarter. Accredited Investors Inc. now owns 1,185,379 shares of the industrial products company’s stock valued at $318,227,000 after purchasing an additional 1,184,648 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rockwell Automation by 6.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,128,811 shares of the industrial products company’s stock valued at $303,041,000 after purchasing an additional 67,684 shares in the last quarter. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insiders Place Their Bets

In other Rockwell Automation news, VP Isaac Woods sold 895 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $274.72, for a total transaction of $245,874.40. Following the transaction, the vice president now directly owns 1,198 shares in the company, valued at $329,114.56. This represents a 42.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matheus De A. G. Viera Bulho sold 1,304 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $299.61, for a total transaction of $390,691.44. Following the completion of the sale, the senior vice president now owns 1,059 shares in the company, valued at $317,286.99. This represents a 55.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,540 shares of company stock worth $1,935,134 in the last three months. Corporate insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ROK shares. Robert W. Baird upped their price target on shares of Rockwell Automation from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group upped their price target on shares of Rockwell Automation from $257.00 to $290.00 and gave the company a “sell” rating in a research note on Tuesday, February 11th. Oppenheimer increased their target price on shares of Rockwell Automation from $300.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Jefferies Financial Group raised shares of Rockwell Automation from a “hold” rating to a “buy” rating and increased their target price for the company from $290.00 to $350.00 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company increased their target price on shares of Rockwell Automation from $315.00 to $337.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $307.55.

Rockwell Automation Trading Up 1.1 %

NYSE ROK opened at $287.51 on Friday. The company’s 50-day moving average price is $286.05 and its 200-day moving average price is $278.35. The company has a current ratio of 1.08, a quick ratio of 0.72 and a debt-to-equity ratio of 0.72. The stock has a market cap of $32.51 billion, a PE ratio of 35.80, a PEG ratio of 3.53 and a beta of 1.35. Rockwell Automation, Inc. has a 12 month low of $242.81 and a 12 month high of $308.70.

Rockwell Automation (NYSE:ROK) last issued its earnings results on Monday, February 10th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.22. Rockwell Automation had a net margin of 11.38% and a return on equity of 30.17%. Equities research analysts forecast that Rockwell Automation, Inc. will post 9.35 earnings per share for the current year.

Rockwell Automation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.82%. The ex-dividend date is Tuesday, February 18th. Rockwell Automation’s payout ratio is 65.26%.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.